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LeasePilot Customer Profile

Kite Realty Group

NYSE: KRG


About Kite

Kite Realty Group is a full-service, vertically integrated real estate  investment trust that provides communities with convenient and beneficial shopping experiences. Kite owns 115 shopping centers and retail properties totaling approximately 22.5 million square feet.

LeasePilot Customer Profile

Kite Realty Group

NYSE: UBP


About Kite

Kite Realty Group is a full-service, vertically integrated real estate  investment trust that provides communities with convenient and beneficial shopping experiences. Kite owns 115 shopping centers and retail properties totaling approximately 22.5 million square feet.

Outcomes

Since March 2017, Kite has made significant improvements in increasing the efficiency of its leasing operations. These improvements include:

Faster deals

Reduced the average time from Landlord’s internal approval to Tenant signature

Abstracting speed

Reduced abstracting time by 87.5%, from 4 hours per abstract on average to 30 minutes

Why did Kite adopt LeasePilot?
LeasePilot has allowed our Legal team to shorten the amount of time necessary to draft our initial lease. The ability to “drag and drop” standard clauses into our leases, along with the ability to make updates and changes to our clauses in a short period of time were also considerations.

What’s the top benefit you’ve seen so far?
Along with shortening the initial drafting cycle, our integration with MRI has provided visibility to our Lease Administration team earlier in the process which has proven to be extremely beneficial.

What would you say to your peers considering LeasePilot?
The overall experience with the LeasePilot team has proven to be very positive and we look forward to a long partnership and expanding our current use of the platform to other parts of the Kite organization.
Colin Joynt
SVP, Information Technology

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